Flag carrier commits itself to a robust presence at India’s newest gateway with integrated passenger and cargo operations. In a significant move to expand its footprint across India’s fast-expanding aviation landscape, the Air India Group has announced a comprehensive operational plan for Navi Mumbai International Airport (NMIA). The Tata Group-owned airline conglomerate will establish a...
Tag: Tata group
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Air India Express Spreads Wings with IATA Membership, Expands Global Reach
The membership also enhances the airline’s role in shaping global aviation policy, with active collaboration on sustainability, digital transformation, and passenger rights. Air India Express, the low-cost subsidiary of national carrier Air India, has joined the International Air Transport Association (IATA), marking a strategic step in aligning with global best practices in safety, operations, and...
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Traction Ahead!
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
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Sizeable Opportunities
The overall cost of expansion of the operational and approved metro projects under implementation is over Rs 2.5 lakh crore, and another Rs 2 lakh crore worth projects are in various stages of approval and are likely to come up for bidding in the next five years
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Tesco-Tata scouts for land in metros
Trent Hypermarket, a joint venture between the Tata group and Tesco, the UK-based multinational grocery and merchandise retailer, is looking to buy land in Bengaluru, Mumbai and other cities to build distribution centres for its stores.
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Tata Projects eyes smart cities opportunity
Tata Group company Tata Projects Limited has created a dedicated division to tap opportunities generated by the Smart Cities initiative.´A separate division has been created this month,´ Tata Projects VP and Head (smart city business) Gautam Balakrishnan said on the side-¡lines of Urban Infrastructure Conclave, 2015.
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Tata Opportunities fund invests Rs.335 crore in Tata Projects
Tata Opportunities Fund, the investment arm of the Tata Group, which is advised by Tata Capital, invested Rs 335 crore in Tata Projects Limited (TPL)
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Private players should infuse Rs.50,000 cr
At present, the financial status of the aviation industry is not sound. We have to recognize the potential of the industry. India can be a proposed hub. In global aviation ranking, the Indian aviation sector stands at ninth position.
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IVRCL to sell assets to ease debt burden
IVRCL has put up Rs 4,000 crore worth of assets for sale in order to come out of debt burden in the next two years once the sale is successful. The assets for sale include road projects (both operational and under construction) and desalination plant in Chennai.
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Tata to install 15,000 ATMs in small towns
The Tata Group is taking initiative in the country's financial inclusion. Tata Communications Payment Solution has got RBI's approval to install 15,000 automated teller machines (ATMs) in the next three years, two-third of which will be in smaller towns.
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